(Total Views: 240)
Posted On: 10/12/2018 11:47:06 AM
Post# of 1040
and as i said in response to his artillery barrage of careless lies:
as i said before zn had a current ratio similar to walmart and now after the 5.3 million raise has a much better current ratio than walmart
and the biggest balance sheet liability-the derivative- zn has is a contingent liability zn wont have to pay out if they find commercial oil
and as i've noted before, zn has,including capitalized costs, ca 40 million of noted assets
but in a developing co or company without current revenue that is not what an investor looks for -investors look for the risk reward ratio,sometimes based on the npv of an assumed find as noted by the geological reports,as others have noted 36.2 million barrels recoverable was a conservative amount
oilman kyoil said he had never seen a situation w 2 of the 3 conditions here turnout to be noncommercial!!!
so at the low pps -near an 11 yr low,despite being closer to a commercial find than ever before,this is a good risk reward ratio-thats what the big investors who employ ppl to get shares cheap think and why such big boy investment has risen
plus zn has something unique going for it-its ability to raise funds and continue operating for 18 years where no other oil company could-that bodes well for the future
https://www.otcmarkets.com/filing/html?id=129...FN_K2z4Sth
as i said before zn had a current ratio similar to walmart and now after the 5.3 million raise has a much better current ratio than walmart
and the biggest balance sheet liability-the derivative- zn has is a contingent liability zn wont have to pay out if they find commercial oil
and as i've noted before, zn has,including capitalized costs, ca 40 million of noted assets
but in a developing co or company without current revenue that is not what an investor looks for -investors look for the risk reward ratio,sometimes based on the npv of an assumed find as noted by the geological reports,as others have noted 36.2 million barrels recoverable was a conservative amount
oilman kyoil said he had never seen a situation w 2 of the 3 conditions here turnout to be noncommercial!!!
so at the low pps -near an 11 yr low,despite being closer to a commercial find than ever before,this is a good risk reward ratio-thats what the big investors who employ ppl to get shares cheap think and why such big boy investment has risen
plus zn has something unique going for it-its ability to raise funds and continue operating for 18 years where no other oil company could-that bodes well for the future
https://www.otcmarkets.com/filing/html?id=129...FN_K2z4Sth
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